HomeNewsBusinessEarningsVardhman Tex Q1 PAT seen up 30.2% YoY to Rs. 193.9 cr: ICICI Direct
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Vardhman Tex Q1 PAT seen up 30.2% YoY to Rs. 193.9 cr: ICICI Direct

Net Sales are expected to increase by 5 percent Y-o-Y (up 8.6 percent Q-o-Q) to Rs. 1,639.4 crore, according to ICICI Direct.

Moneycontrol News
July 17, 2018 / 11:53 IST
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A worker dries thread for weaving handlooms at a textile mill in Agartala, capital of India's northeastern state of Tripura, July 17, 2009. India's textile industry was left disappointed after India's federal budget on July 6, as key demands were not met despite some positive announcements for the export-oriented sector, sending shares of textile firms down. REUTERS/Jayanta Dey (INDIA BUSINESS)
A worker dries thread for weaving handlooms at a textile mill in Agartala, capital of India's northeastern state of Tripura, July 17, 2009. India's textile industry was left disappointed after India's federal budget on July 6, as key demands were not met despite some positive announcements for the export-oriented sector, sending shares of textile firms down. REUTERS/Jayanta Dey (INDIA BUSINESS)

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Apparel sector. The brokerage house expects Vardhman Tex to report net profit at Rs. 193.9 crore up 30.2% year-on-year (up 18.4% quarter-on-quarter).

Net Sales are expected to increase by 5 percent Y-o-Y (up 8.6 percent Q-o-Q) to Rs. 1,639.4 crore, according to ICICI Direct.

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Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 41 percent Y-o-Y (up 20 percent Q-o-Q) to Rs. 311 crore.

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